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Changes in VAT

From January 1st, 2020, new VAT changes will come into force. The transaction taxation system, in force since 1993, is difficult to use for most enterprises and susceptible to fraud and fraud.

The EU proposes several solutions to overcome the problem that has grown up over the years:

– harmonization of regulations regarding the storage of goods (consignment warehouses) – the tax will be paid only in the country where the goods come from

– simplification of chain transactions, the entity fulfilling the task of an intermediary, organizing the transport of goods, will be able to decide which of the transactions will be defined as intra-Community, this will help to choose the most favorable scenario

– simplification in the required documentation of intra-Community transactions